California Resources Share Price Today

California Resources Q3FY26: CTV revenue $2m, signs 1 GW MOU with Bloom Energy

CTV posted Q3FY26 operating revenues of $2 million and an adjusted EBITDAX loss of $8 million. Signed MOU with Bloom Energy to evaluate development of 1 GW solid-oxide fuel cell power with CCS. Submitted new EPA Class VI permit for ~57 MMT, bringing total submitted volumes to >400 MMT. Closed Crimson acquisition to enable potential CO2 pipeline connectivity in Northern and Central California.

California Resources Q3 EPS beats at $1.17; raises dividend 4%

Adjusted EPS of $1.17 beat consensus estimate of $0.96 by 21.87%. Quarterly sales rose 24.83% YoY to $1.096 billion. Quarterly dividend increased by 4% to $0.42 per share. Announced divestiture of Uinta Basin assets for ~$90 million. Free cash flow generated was $147 million.

CRC sells Uinta Basin assets for $90 million to fund shareholder returns

California Resources Corp sells Uinta Basin assets for ~$90 million cash. Proceeds to fund shareholder returns and offset midstream transaction costs. Deal effective July 1, 2026; closing expected by year-end. Transaction aligns portfolio with core California operations post-Berry merger.

CRC cuts Scope 1 and 2 emissions 25% since 2020, completes first commercial CCS facility

Reduced Scope 1 and 2 greenhouse gas emissions by 25% since 2020. Completed CTV I, designed to store up to 1.6 million metric tons of CO₂ annually. Delivered 4.6 billion gallons of treated water, recycling nearly 75% of produced water. Contributed over $130 million in state and local taxes and fees in 2025.

Barclays maintains Overweight on California Resources, cuts price target to $77

Barclays analyst Betty Jiang retains an Overweight rating on California Resources (CRC) but lowers the price target to $77 from $80. The move reflects a nuanced valuation adjustment rather than a change in the firm’s overall positive outlook on the energy producer.

Consumer Watchdog Report Raises Concerns Over Carbon Capture and Storage Expansion in California

Consumer Watchdog's Aug. 10, 2026 report challenges California's Carbon Capture and Storage program, citing data showing US CCS facilities capture only four-tenths of one percent of annual CO2 emissions and that real-world capture rates fall well short of the industry's claimed 95%. The report scrutinizes California Resources Corporation's acquisitions and pending utility purchase, raising concerns about cost socialization and public safety risks from CO2 pipelines. Consumer Watchdog argues that renewables, efficiency, and electrification represent more effective and cost-efficient alternatives to CCS for meeting emissions reduction targets.